Gabriele Svelto
@gabrielesvelto@mas.to
It's almost as if they bet on the wrong thing and lost a ton of money in the process. I wonder what could that be?
Post by Gabriele Svelto
Earlier in the thread
Gabriele Svelto
@gabrielesvelto@mas.to
The fundamental reason I want nothing to do with the AI industry is that everything in and around it is morally repugnant. However there are many more industries that share that aspect, like the defense and fossil fuel industries. What's wild is that all those industries have been profitable while the profitability of the AI industry is fuck all. An extraordinary case of being morally and literally bankrupt at the same time.
Gabriele Svelto
@gabrielesvelto@mas.to
This is a deal with the devil kind of situation, but instead of exchanging their souls for immeasurable riches they used it as a collateral for a gigantic loan, then they spent all the money buying jackets for Jensen Huang and now they're indebted, broke and soulless.
Gabriele Svelto
@gabrielesvelto@mas.to
So about that AI bubble we were talking about
(in case you were wondering, among the generalized bloodbath Intel is losing 30% of its value in a single sitting)
Gabriele Svelto
@gabrielesvelto@mas.to
The headlines are brutal, as they ought to be
